Pyrometer Market worth $464 million by 2025

iCrowd Newswire
02 Apr 2021, 07:39 GMT+10

According to the new market research report "Pyrometer Market with COVID-19 Impact Analysis, by Type (Fixed, Handheld), Technology (Optical, Infrared), Wavelength (Single Wavelength, Multiwavelength), End-user Industry (Ceramics, Glass, Metal Processing), and Geography - Global Forecast to 2025", published by MarketsandMarkets™, the Pyrometer Market is estimated to grow from USD 327 million in 2020 to reach USD 464 million by 2025; it is expected to grow at a CAGR of 7.3% from 2020 to 2025. A few key factors driving the growth of this market are increased importance of non-contact temperature measurements, emphasis of end-user industries on rugged temperature measurement devices, Industry 4.0 pushed demand for pyrometers, and surged popularity of application-specific pyrometers.

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Fixed type pyrometers expected to hold larger share of the market during forecast period.

Fixed type pyrometers expected to hold larger share of the market from 2020 to 2025. Fixed pyrometers are rugged devices that are largely used in difficult terrains or areas with harsh environmental conditions. They are generally equipped with IP65-rated (NEMA4) stainless steel housings. These pyrometers are used to carry out high-precision temperature measurements in various industrial applications.

Infrared pyrometers expected to hold larger share of the market during forecast period.

Infrared pyrometers expected to hold larger share of the market during forecast period. Infrared pyrometers have extremely fast data acquisition rates catering to applications of a wide range of industries, including glass temperature measurement, measurements on thin plastic films, and measurements through flames, among others. These types of pyrometers are available in diverse designs, from handheld to integrated process control systems.

Metal processing end-user industry expected to grow at the highest CAGR during forecast period.

Metal processing end-user industry expected to grow at the highest CAGR during forecast period. Pyrometers are used in different stages of the diverse process of metal processing industries such as forging, rolling, extrusion, and others. Also, metal companies are seeking more pyrometer devices than other temperature measurement solutions such as thermocouples owing to their robust, accurate, and standalone temperature measurement capabilities.

Browse in-depth TOC on "Pyrometer Market"

89 – Tables52 – Figures180 – Pages

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Pyrometer market in APAC to grow at highest CAGR during forecast period.

The pyrometer market in APAC will be driven by the growing demand for metals such as steel for complex industrial applications. China, Japan, South Korea, and India are expected to drive the pyrometer market in APAC. China remains the largest market for pyrometers and is anticipated to remain dominant throughout the forecast period. Investments for the expansion of glass manufacturing and government support for steel production are set to offer huge opportunities for the pyrometer market in APAC.

AMETEK Land (US), Fluke Corporation (US), CHINO Corporation (Japan), Advanced Energy Industries, Inc. (US), OMEGA Engineering (US), PCE Instruments (Germany), Optris GmbH (Germany), Sensortherm GmbH (Germany), CI Systems (US), DIAS Infrared GmbH (Germany), Williamson Corporation (US), and Micro-Epsilon (Germany) are few major players in pyrometer market.

Related Reports:

Temperature Sensor Market by Product Type (Thermocouples, RTDs, Thermistors, Temperature Sensor ICs, Bimetallic, Infrared, and Fiber Optic Temperature Sensors), Output, End-user Industry, and Region – Global Forecast to 2027

Infrared Thermometer Market by Type (Fixed, Portable), Component (Optical, Display & Interface Units), Application (Medical, Non-Medical), End-Use (Residential, Commercial, Industrial), and Geography - Global Forecast to 2025

Tags: Pyrometer Market Forecast, Pyrometer Market Analysis, Pyrometer Market Share, Pyrometer Market, Pyrometer Market Size, Pyrometer Market Trends